Astronics (OTCMKTS:ATROB) Sets New 52-Week High – Time to Buy?

Astronics Corp. (OTCMKTS:ATROB) shares hit a new 52-week high on Wednesday . The company traded as high as $83.39 and last traded at $83.39, with a volume of 171 shares changing hands. The stock had previously closed at $72.20.

Astronics Stock Up 4.4%

The company has a market cap of $2.98 billion, a price-to-earnings ratio of 70.76 and a beta of 1.04. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07. The business has a fifty day moving average price of $70.18 and a two-hundred day moving average price of $65.40.

Astronics (OTCMKTS:ATROB) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $230.62 million for the quarter, compared to the consensus estimate of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.

Astronics Company Profile

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.